President Biden has launched a brand new video by which he calls out companies for shrinkflation, which is charging extra for much less product.
The President stated:
It’s Tremendous Bowl Sunday. And if you happen to’re something like me, you wish to be surrounded by a snack or two whereas watching the large recreation.
You realize, when shopping for snacks for the sport, you might need seen one factor: sports activities drinks bottles are smaller, bag of chips has fewer chips, however they’re nonetheless charging ya simply as a lot. And as an ice cream lover, what makes me probably the most offended is that ice cream cartons have truly shrunk in measurement, however not in value.
I’ve had sufficient of what they name shrinkflation. It’s a rip off. Some corporations try to drag a quick one by shrinking the merchandise little by little and hoping you gained’t discover. Give me a break.
The American public is uninterested in being performed for suckers. I’m calling on corporations to place a cease to this. Let’s be sure that companies do the fitting factor now.
When you have been Tremendous Bowl procuring, did you discover smaller-than-usual merchandise the place the worth stays the identical?
People are calling it Shrinkflation and it means corporations are supplying you with much less for each greenback you spend.
I’m calling on the large client manufacturers to place a cease to it. pic.twitter.com/wL1NsEh78F
— President Biden (@POTUS) February 11, 2024
It’s refreshing to have a president who will tackle company America as an alternative of plotting his subsequent massive tax reduce and giveaway to companies. Companies are cashing in massive by reducing the quantity customers are given in a package deal whereas conserving the worth the identical.
Inflation has fallen, so shrinkflation is nothing greater than company greed, and the President was proper it has to cease.
Individuals aren’t fools and so they don’t should be ripped off by company America.
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